Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Federated Hermes Prem Muni I (FMN)

45 + Investors. Track Smart Money conviction in FMN. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — FMN

Based on 45 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added FMN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
45 hedge funds hold FMN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +29% more funds vs a year ago

fund count last 6Q
+10 new funds entered over the past year (+29% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 50% buying

17 buying17 selling
Last quarter: 17 funds bought or added vs 17 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~7 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 10 → 6 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

64% conviction (2yr+) 24% medium 11% new
29 out of 45 hedge funds have held FMN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

3 → 8 → 10 → 6 → 7 new funds/Q
New funds entering each quarter: 8 → 10 → 6 → 7. FMN is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 76% veterans vs 9% newcomers

76% veterans 16% 1-2yr 9% new
Entry-cohort mix of 45 holders: 34 (76%) are 2+ year veterans, 7 entered 1–2 years ago, and 4 (9%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 17% AUM from top-100

17% from top-100 AUM funds
8 of 45 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FMN

In 2026 Q2, 17 hedge funds were net buyers of FMN (7 opened a new position, 10 added to an existing one), while 17 reduced or exited (13 trimmed, 4 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 45.

Hedge Fund Ownership: FMN

How many hedge funds hold FMN — quarterly history vs. share price
Quarterly hedge fund ownership of FMN vs. share price

Market Analysis: FMN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FMN

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: FMN
45 + Investors

Track Smart Money conviction in FMN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 45 42 7.14%
13F Shares 3M 3M 13.21%
Total Value $38M $32M 19.04%
New Positions 7 6 +1
Increased Positions 10 15 -5
Closed Positions 4 9 -5
Reduced Positions 13 9 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FMN

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Institutional Holders (2026 Q2)

45 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FMN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FMN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Robinson Capital Management, LLC 0.99% 195,329 $2.2M
2 Closed-End Fund Advisors, Inc. 0.69% 61,097 $702K
3 Matisse Capital 0.48% 105,041 $1.2M
4 Melfa Wealth Management, INC. 0.29% 46,656 $536K
5 Thomas J. Herzfeld Advisors, Inc. 0.23% 66,149 $760K
6 Noble Wealth Management PBC 0.22% 43,250 $497K
7 North Ground Capital 0.22% 15,818 $182K
8 Bulldog Investors, LLP 0.21% 84,716 $973K
9 Gill Capital Partners, LLC 0.20% 64,739 $744K
10 Logan Stone Capital, LLC 0.11% 46,021 $529K
11 City of London Investment Management Co Ltd 0.11% 157,714 $1.8M
12 Sard Wealth Management Group, LLC 0.11% 19,706 $226K
13 1607 Capital Partners, LLC 0.09% 90,804 $1.0M
14 Rivernorth Capital Management, LLC 0.08% 147,928 $1.7M
15 Ackerman Capital Advisors, LLC 0.06% 27,495 $316K
16 Riverbridge Partners LLC 0.04% 139,632 $1.6M
17 ProVise Management Group, LLC 0.03% 36,230 $416K
18 Pathstone Holdings, LLC 0.03% 821,241 $9.4M
19 Hennion & Walsh Asset Management, Inc. 0.02% 73,079 $840K
20 Guggenheim Capital LLC 0.02% 254,793 $2.9M
21 XML Financial, LLC 0.01% 17,920 $206K
22 Karpus Management, Inc. 0.01% 45,191 $519K
23 Smallwood Wealth Investment Management, LLC 0.01% 1,947 $22K
24 Blue Bell Private Wealth Management, LLC 0.01% 4,898 $56K
25 Financial Gravity Companies, Inc. 0.01% 3,260 $37K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Federated Hermes Prem Muni I (FMN)

What does the Smart Money Trend signal show for FMN?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FMN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FMN?

Slight buying edge — 50% buying: Last quarter: 17 funds bought or added vs 17 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FMN holders?

Smaller funds dominant — 17% AUM from top-100: 8 of 45 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FMN?

64% of holders stayed for 2+ years: 29 out of 45 hedge funds have held FMN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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